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Invest In Something More Promising, Like, Um... Wait, We'll Think Of Something
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The CEO of the Bank of America is advising customers to stop looking at their homes as assets, because, he's convinced, they're bad investments except for the long term. And, in a way, he's right. You really shouldn't be speculating; you should buy a home because you want to live there. But, on the other hand, just try to get his bank to loan you money when you want to buy your house for the right reason. (AP via MSNBC)
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